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IRS bumps up HSA contribution max for 2015

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By Jerry Geisel, Crain News Service

WASHINGTON (April 24, 2014) — The maximum contributions that can be made to health savings accounts (HSAs) will increase $50 for individuals and $100 for families in 2015.

The Internal Revenue Service announced April 23 that the maximum contribution that can be made to an HSA in 2015 will be $3,350 for employees with single coverage—up from $3,300 this year.

The maximum HSA contribution for those with family coverage will be $6,650—up from $6,550.

The maximum out-of-pocket employee expense, including deductibles, will rise next year to $6,450 for single coverage from $6,350. For family coverage, it will increase to $12,900 from $12,700.

Increases in the HSA limits, which are detailed in Revenue Procedure 2014-30, are tied to changes in the cost of living.

This report appeared on the website of Crain’s Business Insurance magazine, a Chicago-based sister publication of Tire Business.

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Previous | Published July 29, 2016

Has your business been invaded by people looking to catch, train and battle Pokemon with Nintendo’s Pokemon Go app?

No, not that I'm aware of.
75%
(79 votes)
Yes, but we've banned it for non-paying customers.
4%
(4 votes)
Yes, and we've been happy to have them.
12%
(13 votes)
They've tried, but we've already found all the Pokemon in the shop's vicinity. Gotta catch 'em all!
9%
(10 votes)
Total votes: 106